Yeah Bemac, I'm still newer here on this forum but thank you for all that you do here too.
Donnie
Donnie
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedI think you might be OK just watch PA a 1.69 as there is mucho confluence here. I got out as I think tha the J16 videos are realy starting to rub off on my conscience.
K.I.S.S.Ignored
DislikedThis is my first post in this topic, was this a valid trade or did I just get lucky?
Cable Daily.Ignored
DislikedIs it?
Here's your trend on 1h, 4h, 1d and 1w.
I'd wait for price to come down to 1.015/.02 and go WITH a trend...
..Ignored
DislikedAnother example. Rac on Dec 21 2009 on the Usd/Chf.
Now I can't get in the Rac-man's head totally on his prediction of waiting for the 1.015/.02 on the Swissy. But I am sure the retracement levels from the recent High and Low on 12/21/09 had something to do with it.Ignored
DislikedI am still in the GBP/CHF and Eur/Aud Daily trades
Jus thought I would post how I am managing an reducing my risk since both of these trades are in drawdown right now but at some key S/R levels and can still work out. If not whihc is jsut as liekly I cannot take a full bar loss.
G/C - I initall used a bar break stop to reduce risk right off the bat with this oe becasue of the support below. Price did hit that support and has now reversed hard the other way. Since my stop is reduce I am now goign to leave the trade be and hope that price does...Ignored
DislikedTo the General Membership of Readers...
Perhaps you haven't realized but I sure appreciate having...
Jarroo & Mike (Mbqb11) to offer two (albeit slightly) different viewpoints of the same scenario.
Ghous & Dan also offer other insights &...
then there are the diehard fans not only but including Kiss, LVG, DobeR and, lest we forget, James, The Man.
All this & respect for others too. It can be achieved!
BMc says you guys.
I'm know there are more but you don't want to read the entire list of who catches my attention.Ignored
DislikedLooks like the IPB turned out nicely. IPB, when properly located and supported, can be a very valid Price Action formation. Just ask ghous.
Check all the ghous' post on IPB, he was done an interesting study of these formation. You'll be glad you did.
JimIgnored
DislikedThanks for the heads up Jim,
Those worked out well because of all the conflunece factors you so expertly pointed out
g.Ignored